First Liberty Power (fka FLPC)

[jotuk6771]

FENCEMAKER : The True Numbers .>>>

A National Instrument 43-101 (the "NI 43-101" or the "NI") is a standard used for the public disclosure of information relating to mineral properties.
Plainly put, the purpose of the National Instrument 43-101 is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors on the stock exchanges

Taken from the National Instrument 43-101 Technical Report on the Phase 1 Drilling Fencemaker Antimony Project, Pershing County, State Of Nevada,U.S.A , prepared by :

D. Bain, P. Geo.
Consulting Geologist
DUNCAN BAIN CONSULTING LTD.
49 Midale Crescent
London, Ontario
Canada N5X 3C2
[e-mail]

http://www.firstlibertypower.com/wp-content/uploads/2012/09/Fencemaker-Drill-Report-43-101.pdf

(...)A Phase 1 program of reverse circulation (RC) drilling was initiated in July 2012 to test the down dip
and strike extension of mineralization known to be present in the Fencemaker Mine. This program consisted of a total of 2350 feet (716 m)
from thirteen (13) holes collared in the
hangingwall of the structure.

(...)

It is the author’s opinion that a significant amount of antimony
mineralization exists at the Fencemaker Mine.

(...)

Highest value recorded was 18.65% Sb from
drillhole FM-02 at the 35 to 40 foot (10.7 to 12.2 m) interval below surface.
Average between 2,92% to 4,17% .

(...)

Analysis for gold in the drill samples shows a zone of anomalous
(up to 294 ppb Au; 0.294 g/t Au). (Possible Carlin-type gold mineralization)

--------------------

Personal note : Gross Revenue Projections ( depending on Metal Market )

With a 36'500MT/Year permit , taking a 4% Sb concentration , it gives 1460 MT pure antimony or 2433 MT @ 60% .

2433 MT/Year @ 60% at low Market Price : 2433MT X $5000/MT 60% = $12M



Antimony 99,6% current price : $9400/MT CIF USA.

http://www.metalprices.com/p/AntimonyFreeChart?weight=MT&size=M&theme=1011